U.K. Retail Sales (YoY) For August 2.5% Vs. 1.4% Est.; 1.5% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
U.K. retail sales for August increased by 2.5% year-over-year, surpassing the estimated 1.4% and the revised prior figure of 1.5%.
September 20, 2024 | 6:05 am
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POSITIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) may see a positive impact due to the better-than-expected U.K. retail sales growth of 2.5% in August.
The iShares MSCI United Kingdom ETF (EWU) is likely to be positively impacted as it reflects the performance of the U.K. market. The better-than-expected retail sales growth suggests a stronger consumer sector, which could boost investor confidence in U.K. equities.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80